At CalPrivate Bank, we offer guaranteed government loans that are designed to provide small business financing for people who may face challenges with traditional lenders. Two of our most popular guaranteed loan solutions are the SBA 7 (a) and SBA 504 loans.
SBA 7 (a) Loans
The U.S. Small Business Administration (SBA) 7 (a) loan program is its most popular financing program, and it is used by CalPrivate Bank to help businesses get ahead. This loan is designed to provide working capital to small businesses to support small business growth and is guaranteed by the SBA.
SBA 504 Loans
CalPrivate Bank also offers SBA 504 loans, which are designed to secure financing to purchase fixed assets for your business. These loans are typically spread between three separate parties; the business owner contributes 10%, the lender contributes 50%, and a certified development company or CDC puts up the final 40%. CDC’s are non-profit corporations that are set up to support local economic growth.